Harbor Star Shipping Services, Inc. (PSE:TUGS)

PSE:TUGS Balance Sheet

Financials in millions PHP. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	247.17	349.15	383.03	285.19	266.46	263.96
Cash & Short-Term Investments	247.17	349.15	383.03	285.19	266.46	263.96
Cash Growth	-9.65%	-8.85%	34.31%	7.03%	0.95%	-3.13%
Accounts Receivable	1,380	1,142	1,192	1,089	1,067	806.41
Other Receivables	-	4.44	18.81	2.56	0.76	4.05
Receivables	1,380	1,146	1,211	1,091	1,068	810.47
Prepaid Expenses	368.11	97.27	98.07	80.59	120.29	108.76
Other Current Assets	-	457.94	528.26	533.18	416.27	345.73
Total Current Assets	1,995	2,051	2,220	1,990	1,871	1,529
Property, Plant & Equipment	4,466	4,617	4,636	4,600	4,427	3,964
Long-Term Investments	138.6	155.53	148.27	207.44	195	209.09
Goodwill	-	-	-	-	-	154.21
Other Intangible Assets	7.22	22.74	24.74	23.55	47.64	56.44
Other Long-Term Assets	456	396.98	307.38	312.27	311.21	296.32
Total Assets	7,063	7,243	7,337	7,133	6,851	6,209

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	732.06	586.31	612.18	444.72	399.96	333.36
Accrued Expenses	-	199.63	533.52	471.31	399.79	223.19
Short-Term Debt	-	-	-	-	22.73	522.27
Current Portion of Long-Term Debt	2,163	2,280	938.34	257.79	281.28	259.27
Current Portion of Leases	21.31	8.26	7.25	9.07	6.18	6.77
Current Income Taxes Payable	4.54	8.24	35.97	6	8.25	0.3
Current Unearned Revenue	-	-	-	9.37	11.77	10.96
Other Current Liabilities	11.52	125.89	96.44	105.5	93.82	79.78
Total Current Liabilities	2,932	3,209	2,224	1,304	1,224	1,436
Long-Term Debt	1,132	1,116	2,371	3,293	3,509	3,312
Long-Term Leases	32.96	32.92	38.97	41.43	27	31.83
Pension & Post-Retirement Benefits	201.29	201.29	178.03	164.52	142.23	105.99
Long-Term Deferred Tax Liabilities	268.62	267.36	236.83	243.38	170.36	49.45
Other Long-Term Liabilities	-	2.83	9.3	-	7.11	15.25
Total Liabilities	4,567	4,829	5,058	5,046	5,080	4,950

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	907.86	907.86	907.86	907.86	907.86	907.86
Additional Paid-In Capital	121.63	121.63	121.63	121.63	121.63	121.63
Retained Earnings	450.28	353.2	248.06	52.27	-7.69	-32.19
Treasury Stock	-37.61	-37.61	-37.61	-37.61	-37.61	-37.61
Comprehensive Income & Other	978.35	978.35	942.6	1,025	758.2	278.71
Total Common Equity	2,421	2,323	2,183	2,069	1,742	1,238
Minority Interest	75.88	90.22	96.39	18.11	28.98	20.53
Shareholders' Equity	2,496	2,414	2,279	2,087	1,771	1,259
Total Liabilities & Equity	7,063	7,243	7,337	7,133	6,851	6,209

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	3,349	3,437	3,356	3,601	3,847	4,132
Net Cash (Debt)	-3,102	-3,088	-2,973	-3,316	-3,580	-3,868
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.42	-3.45	-3.32	-3.71	-4.00	-4.32
Filing Date Shares Outstanding	904.19	894.59	894.59	894.59	894.59	894.59
Total Common Shares Outstanding	904.19	894.59	894.59	894.59	894.59	894.59
Working Capital	-936.69	-1,158	-3.23	686.68	646.89	93.02
Book Value Per Share	2.68	2.60	2.44	2.31	1.95	1.38
Tangible Book Value	2,413	2,301	2,158	2,046	1,695	1,028
Tangible Book Value Per Share	2.67	2.57	2.41	2.29	1.89	1.15
Land	-	39.56	39.56	39.56	39.56	39.56
Buildings	-	-	-	2,038	-	2,016
Machinery	-	24,365	23,467	22,635	3,217	1,112
Construction In Progress	-	133.5	65.56	23.26	23.01	18.14

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

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